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Sompo to acquire Endurance Specialty for US$6.30B

Sompo HoldingsInc. entered into an agreement on Oct. 5 to acquire 100% ofEndurance Specialty HoldingsLtd. for US$6.30 billion, the largest acquisition to date for theJapanese insurer.

The acquisition has been unanimously approved by Endurance'sboard of directors.

More details to follow.